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<\/p>\nOn Friday (3 August 2023), highly popular New Zealand-based crypto analyst Lark Davis declared his year-end price target for Bitcoin ($BTC).<\/p>\n
According to data from TradingView, in the year-to-date (YTD) period, the Bitcoin price has gone from $16,615 to $23,502, which is a gain of 41.45% (vs USD).<\/p>\n
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Earlier today, Davis told his one million Twitter followers that although he does not expect Bitcoin to break its all-time high (i.e. around 69,044, which was recorded on 10 November 2021) in 2023, he believes that the $BTC price could go as high as $48,000 this year. <\/p>\n
Yesterday, billionaire investor\u00a0Ray Dalio\u00a0was interviewed by Andrew Ross Sorkin, co-anchor of CNBC\u2019s Squawk Box. During the interview, Dalio shared his views on crypto in general and Bitcoin in particular.<\/p>\n
\u201cI think it\u2019s been, you know, quite amazing that for 12 years it\u2019s accomplished but I think it has no relation to anything. It\u2019s a tiny thing that gets disproportionate attention,\u201d said Dalio. \u201cIt\u2019s not going to be an effective money. It\u2019s not an effective store hold of wealth. It\u2019s not an effective medium of exchange.\u201d<\/p>\n
Dalio believes that a digital currency that is linked to inflation would be a better option than Bitcoin. \u201cIf you created a coin that says okay, this is buying power that I know I could save in and put my money and over a period of time and then I can transact in anywhere, I think that that would be a good coin. I don\u2019t think Bitcoin is it,\u201d he said.<\/p>\n
In an\u00a0op-ed piece\u00a0for the Wall Street Journal that was published on Wednesday (1 February 2023), Charlie Munger, the billionaire vice chairman of\u00a0Berkshire Hathaway, the conglomerate controlled by Warren Buffett, wrote that Bitcoin should be banned:<\/p>\n